Seek Ltd (SEK.AX)
29 Mar 2017
Latest Key Developments (Source: Significant Developments)
SEEK Ltd:Says Geoff Roberts has been appointed as SEEK Ltd's group chief financial officer, and will join the company in Nov. 2015.Says replacing current group CFO, John Armstrong, who SEEK announced on Feb. 5, 2015, would end his full time involvement with SEEK at the end of the calendar year, Geoff Roberts will join the SEEK Executive Team when he starts in Nov. Full Article
SEEK Ltd:Expects reported EBITDA in FY 2015 to be A$31-33 million. Full Article
SEEK Ltd:Invests $125 million to increase its ownership in OCC Mundial (OCC) & SEEKAsia Ltd (SEEK Asia).Ownership interests increased: OCC from 56.4 pct. to 98.2 pct.; and SEEK Asia from 75.6 pct. to 80.8 pct.Says investment is funded by SEEK's existing cash and debt facilities. Full Article
SEEK Ltd:Announces two investments totalling $20 million.Investments include $10 million for a fully diluted 38 per cent equity interest in Babajob.com which represents SEEK's first investment in Indian market, and U$10 million for an additional 6 pct. equity ownership in One Africa Media, in which SEEK first invested in June 2013.Says these investments were funded via SEEK's cash reserves, and all proceeds will be going in to the businesses. Full Article
SYDNEY, Feb 21 Australian job classifieds portal Seek Ltd said on Wednesday its profit rose 11 percent, as a booming jobs market in China offset weak results in Brazil, Mexico and elsewhere in Asia.